Here’s Maryland Gov. Martin O”Malley:”Swiss bank accounts never built an American bridge. Swiss bank accounts dont put cops on the beat or teachers in our classrooms. Swiss bank accounts never created American jobs!” Read full article >>
Bonjour from the banks of the river Orne, in the area of Normandy called "La Suisse Normande"?Swiss Normandy?on account of the hills, where autumn is setting in. This is World War II, Band of Brothers country, and unusually for France...Show More Summary
When American billionaire Igor Olenicoff opened his offshore bank account with Swiss bank UBS, AG he was allegedly told he did not have to file Form TD F 90-22.1, or Foreign Bank and Financial Accounts Report, more commonly known as an FBAR, or pay taxes on the $180 million he held at the institution. Show More Summary
``The allegations have made it more difficult for Germany and Switzerland to finalize a proposed deal that would leave German account holders anonymous but under which the Swiss government would impose a retroactive withholding tax and would tax future interest income on the accounts. Show More Summary
Former Swiss banker Bradley Birkenfeld has been released from prison where he had served 30 months of his 40-month sentence for his work at UBS, AG helping clients hide their offshore bank accounts. Mr. Birkenfeld exposed the Swiss bank as a facilitator for U.S. Show More Summary
GUESSING at the supposed—and secret—personal wealth of President Vladimir Putin is a favourite pastime for Russia-watchers, with much talk (and few facts) about opaque beneficiary companies, Swiss bank accounts, and intermediary oligarchs. Show More Summary
The country is chagrined that it continues to be thought of as the hideaway for ill-gotten gains. Why don’t Americans pick on Delaware?
(Relevant segment begins at 8:35 mark) “First of all, there was no reduction, not one dollar of reduction in taxes, by virtue of having an account in Switzerland or a Cayman Islands investment. Those — the dollars of taxes remained exactly the same. Show More Summary
By Comrade Misfit To wit: Mitt Romney said Sunday that he gained no tax benefits by investing part of his fortune in funds based in the Cayman Islands and other overseas jurisdictions, or using a Swiss bank account, saying PresidentShow More Summary
Republican Presidential hopeful Mitt Romney could find himself in a whole lot of trouble if he fully makes public his tax returns over the years. Mr. Romney has already admitted to having a Swiss bank account and while it is perfectly...Show More Summary
Click here to view this media Presumptive Republican presidential nominee Mitt Romney insists that he didn't shut down his tax shelters in the Cayman Islands, Bermuda and Switzerland because it would "avoid the truth" and he wasn't going...Show More Summary
Mitt Romney told Chris Wallace on Fox News Sunday that there is nothing wrong with his foreign bank accounts. “I could have said don’t make any investments in any foreign companies, in any foreign bonds, in any foreign currencies, only U.S. Show More Summary
Wolf Richter www.testosteronepit.com The arm-wrestling between the US, Switzerland, and Swiss banks over funds that US citizens have stashed away in Swiss bank accounts has been going on for years to the point where the Swiss are now actually cracking down on US citizens, or at least aide them in circumnavigating the reporting requirements. Show More Summary
Jonathan Chait has a long piece in New York magazine about liberalism in Hollywood. In it, he quotes me on a very angential side-issue, yet still manages to misrepresent my stated views seriously enough to point out. The relevant section: This...Show More Summary
A recent chapter of the Swiss Banks vs. the IRS saga features a plot twist; large Swiss bank UBS sues a wealthy American client. UBS, Switzerland’s largest bank filed a lawsuit last week suing their former client, billionaire real estate developer, Igor Olenicoff for damages from a 2008 federal lawsuit he filed against the them. Show More Summary
... And when, exactly, did he pay that at-least-13% per year? Might some of it have been paid under the 2009 IRS amnesty plan for people who’d been hiding money in secret overseas bank accounts, after the Swiss banks suddenly agreed to reveal to the IRS the identities of American account holders? Just wondering.
Swiss bank wants $3 million in attorneys' fees, as well as other damages, from Forbes 400 member who sought to blame it for his secret foreign accounts and admitted tax felony.
$$$ Standard Chartered Accused of Hiding Transactions With Iranians $$$ Banks Say Loan Applications Rise [WSJ] $$$ Chesapeake asset sale lifts profits, shares rise [Reuters] $$$ Swiss Brace for Talks with US on Secret Accounts [Reuters] $$$ U.S. Show More Summary
Mitt Romney paid 14% tax in 2010, the only year that he has released a (partial) tax return. And that was 14% of his taxable income after he had squirreled away millions in swiss bank accounts. According to plutocrat economics, low taxes on the rich make them work harder. Show More Summary